Circulars/Notifications - Domestic Market & Monetary Management Department  
 DMMD Circular No. 13 of 2012

July 19, 2012 



All Banks/Primary Dealers

Dear Sir/Madam,

TIMINGS FOR OVERNIGHT REPO/REVERSE REPO FACILITY DURING THE MONTH OF RAMZAN-UL-MUBARAK

Please refer to DMMD circular no. 17 dated October 14, 2011 regarding timings for availing SBP Overnight Repo /Reverse-Repo Facility under Interest Rate Corridor Mechanism.

  1. In this regard, it is advised that following timings will remain effective during the month of Ramzan-ul-Mubarak to intimate State Bank of Pakistan for availing overnight repo/reverse repo facility ( at floor/ceiling rate).

    Days
    Time for Overnight Repo/Reverse Repo Facility
    Monday to Thursday
    01:30 PM to 02:00 PM
    Friday
    12:00 PM to 12:30 PM

  2. After Ramzan-ul-Mubarak above timings will automatically be reverted to pre Ramzan-ul-Mubarak timings.

  3. All are advised to strictly observe the aforesaid timings.

  4. Other instructions on the subject will remain unchanged

Yours truly,

(Muhammad Ali Malik)
Director



       
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